Boeing pushes back its 747-8 delivery schedule

ChristopherHinton

NEW YORK (MarketWatch) -- Boeing Co.
BA, +0.71%
said Friday it has moved the delivery of its first 747-8 Freighter plane to the third quarter of 2010 from its original target of late 2009. Further, the Chicago aerospace company also delayed the first delivery of its 747-8 Intercontinental passenger jet to the second quarter of 2011, from late 2010. Boeing said the new schedule reflects the impact of supply-chain delays due to design changes, the limited availability of engineering resources, and the recent machinist strike that had stopped commercial aircraft production for 53 days. Shares of Boeing were down 3.4% to $41.68 in premarket trading.

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